TMT Steel Market Steady Amid Weak Demand; Shree TMT Earns 5-Star Green Steel Rating
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TMT steel prices remain stable across regions, with Ex-Mumbai at ₹46,500–47,000/ton, Ex-Delhi NCR at ₹47,000–47,500/ton, and Ex-Vizag at ₹44,000–44,500/ton. Weak seasonal demand keeps sellers cautious, while distributors maintain steady inventories. Shree TMT earns a 5-Star Green Steel Certificate, reinforcing sustainability leadership despite subdued market activity.
Key Highlights
- Regional Prices: Stable at ₹46,500–47,500/ton in Mumbai and Delhi NCR; ₹44,000–44,500/ton in Vizag.
- Market Demand: Seasonal slowdown and weak buying keep prices steady despite competitive pressures.
- Supply Conditions: Distributors hold adequate stocks; manufacturers trim production to align with low demand.
- Industry Update: Shree TMT awarded 5-Star Green Steel Certificate for eco-friendly steel production.
Current Regional TMT Price Ranges Across India
- Ex-Mumbai: Rs. 46500- 47000/ton
- Ex-Delhi NCR: Rs. 47000 - 47500/ton
- Ex-Vizag: Rs. 44000- 44500/ ton
Distributors across the North, West, and South regions have largely maintained stable pricing. The above pricing is based on this consistency.
Seasonal Demand Weakness and Controlled Supply Strategy
- Prices have mostly held steady, mirroring ongoing weakness in the market and the seasonal effects of the monsoon.
- In an effort to manage slow demand, sellers are keeping prices stable to stay competitive.
- Meanwhile, distributors are maintaining steady inventory levels to ensure continued product availability and minimize any risk of supply chain disruptions.
Market News: Shree TMT Earns 5-Star Green Steel Certification
- Shree TMT, a leading Indian steel brand, has been awarded the 5-Star Green Steel Certificate by NISST, recognizing its leadership in sustainable and eco-friendly steel manufacturing.
- The certificate was received by MD Prakash Goenka in the presence of Maharashtra CM Devendra Fadnavis and Union Minister Prahlad Joshi.
- Building on its earlier GreenPro Ecolabel Certification, Shree TMT continues to promote green steel practices, supplying high-quality, durable, and environmentally responsible TMT rebars for modern construction projects.
Expert Outlook on Price Stability and Market Slowdown
- As demand remains weak, producers are offering larger, more targeted price reductions. However, if this subdued demand continues, the scope for further price cuts may diminish.
- So far, major manufacturers have not adjusted their prices. The slowdown is visible in both primary and secondary markets, highlighting a widespread drop in buying activity and growing consumer caution.
- On the supply side, conditions are stable. Distributors have sufficient stock to meet current needs, with no immediate issues related to shortages or logistics.
- At the same time, manufacturers are seeing fewer new orders and are reducing production to match the lower demand. This strategy helps avoid overstocking and supports smooth operational flow.
Primary TMT
Secondary TMT
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